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MARKETS / NASDAQ / SIRI
NASDAQ · RADIO BROADCASTING STATIONS · LARGE CAP

Sirius XM Holdings Inc. SIRI

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$8.6B
▼ 1.6% YoY
$805.0M
$1.2B
▲ 22.9% YoY
In brief

What this company does

Sirius XM Holdings Inc. operates two complementary audio entertainment businesses — its SiriusXM business and its Pandora and Off-platform business. Its portfolio includes its flagship subscription entertainment service, SiriusXM; the ad-supported and premium music streaming services of Pandora; the SiriusXM Podcast Network; an advertising sales group, SiriusXM Media; and a suite of advertising technology solutions, including AdsWizz. It believes it reached a combined monthly audience of approximately 170 million listeners as of December 31, 2025. Its SiriusXM business features a wide range of content, including music, sports, entertainment, comedy, talk and news channels, podcasts and infotainment services, all available in the United States on a subscription fee basis. As of December 31, 2025, its SiriusXM business had approximately 32.9 million subscribers in the U.S., while Sirius XM Canada had approximately 2.4 million subscribers. Pandora offers a personalized audio entertainment platform allowing users to create customized stations and playlists while also enabling on-demand search and playback of songs and albums. As of December 31, 2025, it had 5,119 full-time and part-time employees whose skills span a wide range of highly specialized capabilities. Sirius XM Holdings Inc. is the product of a series of transactions that closed on September 9, 2024.

Written from the business description in SIRIUS XM HOLDINGS INC.'s annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth
USD 8.6B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 8.6 · Net income 0.8
4B8B-2B-4B2008201120142017202020232025
Compound annual growth
−1.7%
+1.3%
+6.5%
+7.7%
−3.9%
+43.8%
+4.7%
+21.6%
−40.4%
−40.3%
−23.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.3% a year over five years — but profit grew faster: net income at +43.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.2% · Net 9.4%
50%100%-100%-200%-300%2008201120142017202020232025
ROE
FY2025 · ROE 7.1%
-2000%-4000%-6000%2008201120142017202020232025

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders
USD 136.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.2
0.8B1.6B-0.1B-0.2B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 0.1
1B2BDividendsNet buybacks201020122014201620182020202220242025

USD 136.0M in buybacks — 17% of the year's profit went back to shareholders.

Total assetsUSD 27.2B
EquityUSD 11.6B
CashUSD 94.0M
Gross debtUSD 8.6B
Net debtUSD 8.6B
Current ratio0.30×

Net debt stands at 74% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B8.68.79.09.08.78.07.85.85.45.04.64.23.83.43.02.82.51.7
Operating income $B1.5−1.51.81.92.00.91.61.71.61.41.21.11.00.90.70.50.2−5.0
EBITDA $B1.9−1.12.22.32.41.22.02.01.91.71.41.31.21.10.90.70.5−4.8
Income tax $B0.30.20.20.40.20.30.30.20.60.30.40.30.3−3.00.00.00.00.0
Net income $B0.8−1.70.80.91.30.10.91.20.60.70.50.50.43.50.40.0−0.4−5.3
Free cash flow $B1.21.01.21.61.61.71.71.51.61.51.11.10.90.70.40.20.2−0.3
EPS, diluted $2.23−6.142.772.960.320.030.200.260.140.150.090.080.060.510.070.01−0.15−2.45
Dividend / sh $··0.100.340.070.050.050.050.040.010.000.00·0.05····
Payout %····201812517296000900··
ROE %7.1−15.723.4·······89.224.311.1146.493.728.4−410.8−7007.5
Shares out B0.340.340.003.893.974.174.414.354.534.745.155.656.105.263.753.933.88·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 71 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 14 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRadio Broadcasting Stations
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008

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